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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Team Internet Group Plc | TIG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.80 | -1.74% | 101.60 | 15:00:31 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 104.00 | 100.00 | 104.00 | 103.40 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 28/11/2024 12:15 by indiestu Seems to me they are working towards a private buyout considering the Kestral stake and the buybacks while the price continues to fall. It's unlikely individual investors will be offered shares in the private company and unlikely they will be offered any more than the closing price on the day of the announcement. This lot are crooked to the bone. |
Posted at 26/11/2024 17:05 by indiestu Until TiG can put some evidence on the table as to why they purchased an Israeli company at a hugely over inflated price no serious investor is going to touch this. So price will continue to fall. |
Posted at 13/11/2024 11:46 by rivaldo New note out from Edison:They forecast 22.9c EPS this year, rising to 23.3c EPS next year - a P/E of 4.8... That's with 2.3p and 2.5p dividends. They conclude (when the share price was 102p): "Valuation: Ample opportunities for value creation The shares look overly discounted at an FY25e P/E of 5.6x (a c 50% discount to adtech peers) and an FCF yield of 20%. We believe this discount should start to close if trading remains stable, as expected, and investors gain more visibility on the impact of key strategic initiatives. Management initiatives to deliver value through capital returns or asset sales could deliver substantial upside." |
Posted at 23/10/2024 12:43 by rivaldo From Master Investor last night....."Team Internet Group (LON:TIG) – Just what will the Q3 results show? On Monday 11th November Michael Riedl and Billy Green will reveal the Third Quarter trading results for this global internet company. To date I have always liked the fact that it generates recurring revenues from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers – but of late its shares have been totally boring and only going downhill. The only real buyers of the group’s shares have been Director Max Royde on behalf of his Kestrel Partners clients, as well as the company itself. Royde is a partner of, and holds a beneficial interest in, Kestrel, and is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in the company. Kestrel Opportunities holds (and consequently he is deemed to have a beneficial interest in) 17,926,535 Shares in the company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 49,058,779 shares in the company. Kestrel indirectly controls 66,985,314 (25.96%) shares. The group itself is still in a large share buyback programme and at the last count had some 15,762,033 shares held in treasury, out of the total issue of 273,500,000. The Q3 figures could well show that the group is still moving ahead. Analysts Bob Liao and Carl Smith at Zeus Capital currently have estimates out for the group to increase its turnover in the year to end-December to $943.0m ($836.9m) with adjusted pre-tax profits of $92.8m ($77.2m), with earnings of 27.4c (22.4c) and paying a 2.2p (2.0p) dividend per share. For the coming 2025 year they estimate $1,032.4m revenues, $102.6m profits, 30.3c earnings and a dividend of 2.4p per share. The bigger returns can be hoped for in 2026, with the analysts going for $1,095.5m revenues, a much better margin $120.1m profit, with 35.4c per share earnings but still paying a measly 2.6p dividend. On the basis of those estimates, medium-term value investors should be piling into Team Internet shares and just forget about them until they double in price. At the beginning of August this year the group’s shares hit 207.50p, since when they have performed like an absolute dog, falling away quite steeply, with, as I stated earlier, just the company and Kestrel buying the stock. They closed last night at only 126p, so I am now asking – isn’t this the time to be buying in again?" |
Posted at 22/8/2024 12:48 by boadicea Diesel - Yes - and the strategy to deal with it needs some thought.The nearly 50% rise we enjoyed at one point between Spring and mid-Summer implies that we have (in marginal terms) a significant number of new investors who will now feel they made a mistake. Very likely they will want to bail on any recovery which will make for a a strong headwind against any rise and also relatively easy progress for anyone wishing to acquire an initial stake. In these circumstances, which the board will not have foreseen, a return to share buy-backs in preference to dividends would make sense. It might also encourage the return of some of those who may have sold into the rise. Probably sensible also to avoid any temptation to splash cash on new acquistions until the dust settles. All imhao, of course. ('a' is for amateur!) |
Posted at 19/8/2024 15:52 by ggrantsu Big plus to see Max Royde buying even more. The complete pause in buying recently must have meant he felt these were more fully priced?I am continuing to add in spite of what I felt was a bad results day i.e. I still don't feel like I have had a decent explanation as to why Shinez, in particular, saw such a weak H1...and how we are going to realise expectations for the year. On the other hand, there are few other businesses in the UK I have followed closely for so long...and I think it is overlooked given the blackbox nature of the online marketing piece. Having got more comfortable with that piece, while believing the domain name business is extremely valuable, alongside what is very strong cash generation, I feel sub 150p is probably a very good place to take a view on this name. IMO - mgmt. needs to re-do an investor day, setting out the message in even clearer terms vs. the capital markets day 23. they also need to do a dedicated session on Shinez. I think mgmt are very good, but are guys who live in the world of TIG's tech niche. That is fundamentally a very good thing, as you are invested alongside people who are passionate and very well incentivized in terms of insider ownership levels. at the same time, we want to be able to have the broader market really get what TIG does... just my two cents. |
Posted at 13/8/2024 19:16 by adamb1978 I've been quiet since the results but given my bullish comments on here over the last couple years, I should say that I'm now out. I'd sold 1/3 of my position at 192p previously but now sold the rest.The main reasons are: - the Shinez performance in H1 was shocking, and if there is/was some strong seasonality they should have mentioned it as it appears as though they had the wool pulled over their eyes and paid a huge price - if I take their H1 performance and adjust to include a full period contribution from Shinez then I can just about see them making the bottom end of the revenue guidance range (depending on growth in H2), but equally can see them missing it. In terms of hitting EBITDA guidance, last year they made around 7m more in H2 than in H1 and repeating that delta gets you to around 100m and then you need to add a full 6m Shinez. Their cost control is generally good so I can see them just about hitting the low end of the range again (105m), but there's not huge margin for error and if gross margins weaken further, they might well miss. If H2 EBITDA = H1 and you only get 2*1.2=2.4 from Shinez, you're at 95.6, so c.10% below the range - whilst it doesnt bother me too much, the company's ability to explain their business is a real problem for lots of investors which reduces appetite for the stock...which in turn bothers me greatly! I wasnt able to make the IMC call however the first section of the deck is really weak in explain what they do. I don't think there is anything underhand in what they do, and the cash generation shows that, plus and I think the CEO is straight and honest...but enough investors want to know the nuts and bolts of businesses which they're in and TIG's comms doesnt do that - lastly, I've become increasingly uneasy with using EPS pre-amort of internally generated intangibles. Amortisation of that type is akin to depreciating fixed assets. I'm happy with adjusting for amortisation of acquired intangibles, but ones which the company is investing in regularly do need to be included in EPS. That increases the PE by 2x-3x. I think the cash generation of the business is still decent however with the murkiness of the above I could see the price being more likely to drift down further to say 120p-130p rather than bouncing to 170p-180p. I'd look at it again in that range as the risk/reward balance would be better and FCF yield attractive. Best wishes for those staying in. Adam |
Posted at 13/8/2024 08:40 by indiestu I'm trying to make a case to buy back in if things settle but I can't. Slowing growth, squeezed margins, a share buyback with no cancellations, murky financial reports, not to mention the purchase of a potentially underperforming Israeli company. This last point could be the biggest roadblock to finding new investors considering the track record of shady Israeli companies delisting from AIM and the current troubles in the Middle East (whatever your viewpoint may be). Fundamentally its a trust issue now, do you or do you not trust management. Its been a fun ride. GLA. |
Posted at 08/7/2024 08:11 by diesel Good point Riv, I would also expect to see debt dropping as we have no share buybacks currently, and that is a key indicator for many investors. |
Posted at 10/4/2024 06:35 by rivaldo Very interesting/intrigui"Trading on OTCQX will significantly enhance Team Internet's visibility and accessibility in the world's largest capital market" Apparently TIG "has received interest from numerous US investors in the past and, in recent months, has hosted several meetings with US investors". Given the CEO's comments below, perhaps this will presage an eventual move to a full US listing either away from AIM or a more premium market listing on the NASDAQ? I wouldn't blame TIG for looking in that direction given the substantial discount compared to its US peers: "Michael Riedl, CEO, of Team Internet, commented: "As we mark the beginning of our trading on OTCQX, we are not just opening a new chapter for Team Internet. We reinforce our commitment to enhancing shareholder value and expanding our footprint in the United States, a market that represents nearly 50% of our revenue. This move reflects our robust performance and the investor confidence we have been fortunate to build, especially within the US, over the past year. We recognise the importance of making our shares more accessible and appealing to US investors, and qualifying to trade on OTCQX is a strategic step in that direction. We are eager to welcome new investors and invite them to join us in this exciting journey." |
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